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ECOLens

Effective engineering change cost management focuses on merging product design change data with manufacturing planning information to assess the cost impact of an ECO on manufacturing and downstream supply chain functions. Carrying out such an analysis before releasing ECOs can help corporations uncover hidden costs and determine the optimal date to introduce product changes.

ECO Lens taps into the extensive supply chain information stored in ERP system and uses it to analyze ECOs created in the PLM system for cost impact. Highlights of the analysis abilities are:

• Comprehensive Supply and Demand Analysis - ECO Lens captures and analyzes all sources of supply, including on-hand inventory, WIP and Purchase Orders.
• Collaboration with Contract Manufacturers - ECO Lens supports an outsourced manufacturing environment where a major percentage of the supply is in the form of inventory and WIP at a contract manufacturer site.
• Scenario Comparison - ECO Lens simulates a number of different implementation scenarios allowing the user to compare each on a number of factors like disposition cost, supply chain impact (e.g. number of PO’s/WO’s canceled), time lag etc, and make an informed decision on the most effective implementation. ECO Lens also allows the user to create his own what-if scenarios to view the cost impact of alternate implementation dates, alternate material dispositions (e.g. Rework) etc.
• Valuable Analysis Reports – The vast amount of data captured by ECO Lens can be used to churn out valuable analyses that assist in effective supply chain management and better transition planning for products.